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* HNB partners with John Keells Properties to offer women an exclusive housing loan scheme for TRI-ZEN
Wed, Mar 13, 2019, 07:55 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 13, Colombo: At an event held on Tuesday, 12 March, at the show apartment for TRI-ZEN on Vauxhall Street, Sri Lanka's leading retail bank, HNB, announced the introduction of attractive mortgage packages exclusively for women hoping to invest in John Keells Properties' newest development.

The tie-up aims to bring to the table greater flexibility and convenience for female customers seeking to purchase their dream apartment.

Sri Lankan women play an increasingly greater role in the urban professional workforce, the industry is seeing demand from this segment develop - not just as a result of monetary capacity, but the confidence to purchase their own homes.

In response to the growing interest in TRI-ZEN by female investors, HNB, together with John Keells Properties, has introduced a long-term consumer borrowing package specifically for their female customers.

The attractive housing loan package resulting from the partnership offers funding of up to 80% of the purchase price of the apartment unit, payable with loan tenures going up to 25 years and grace period of 5 years for the capital repayment with a very attractive interest rate that could be fixed for 5 or 10 years. With just a reservation fee of 5% of the purchase price and a 15% of equity contribution by the investor over the construction period, the apartment can be secured following just a three-day loan approval process.

The new affordable and hassle-free HNB home loan package can be obtained through the Bank's network of 251 branches operating across the country, and two dedicated mortgage advisors will be assigned to each buyer in order to further enhance the engagement between the developer and prospective borrowers. Also, a personalized doorstep mortgage advisory service will be made available to guide and assist in the processing and releasing of home loans.

"As women, we have to balance all sides of our lives as well as our families. To this end, where we live is key. We should, either live where we 'work and school'; or 'work and school' close to where we live. Therefore, TRI-ZEN offers a very practical and an economical solution. It is further enhanced by HNB coming forward with an attractive home loan scheme" said Mrs. Roshanie Jayasundera Moreas, Chief Marketing Officer of John Keells Properties.

"At HNB we are dedicated to easing the financial burdens of potential property owners by providing them with only the most affordable, and hassle-free housing loan schemes," said Mr. Kanchana Karunagama, Chief Manager/ Head of PFS of HNB.

"Considering the growing contribution of women to the property market, and specifically the interest in the much-awaited TRI-ZEN development, we are pleased to have partnered with John Keells Properties on this exciting new offering."

TRI-ZEN is a joint venture between John Keells Properties and Indra Traders (Pvt) Ltd. scheduled for completion in 2023, the centrally located 53-storey development will feature state of the art 'smart-home' apartments, key amenities, and convenience like no other.

In addition to the already-established versatility of the HNB mortgage packages, the bank is also offering for their female customers exclusive credit card offers, attractive insurance schemes, legal and other documentation assistance, loyalty card privileges, home improvement loans, and other special considerations.

The special insurance package offered by HNB Assurance for women includes a Mortgage Reducing Policy, Loan Protection cover, Life Insurance and Medical Cover.

Female holders of HNB Credit Cards can also avail offers tailor-made for the TRI-ZEN development. Offers include the waiving off of the first year annual fee, a life time free Credit Card depending on the annual spend, year-round discounts at clothing shops, super market chains and on other women-specific products and outlets, a limited time cash back offer based on the amount spent, as well as a limited period 100% interest-free instalment plan of up to 12 months for purchases above Rs 10,000.

HNB was recognized by the prestigious Banker Magazine as one of the Top 1000 banks in the world and is also the highest ranked local bank in this listing. Over the recent past, HNB has also been adjudged Best Retail Bank 2018 by The Asian Banker Magazine in addition to being declared Best SME Bank, Best Digital Bank and the Best Cash Management Bank in Sri Lanka at the Asiamoney Awards 2018.


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